July 2024 Passenger Demand Up 8% – IATA

The International Air Transport Association (IATA) reported an 8.0% year-on-year increase in total passenger demand (in RPKs) for July 2024.

Total capacity (ASKs) was up 7.4% year-on-year. The July load factor reached 86.0% (+0.5ppt compared to July 2023). There was no significant negative demand impact from the CrowdStrike IT outage on July 19.

International demand rose 10.1% compared to July 2023, with a 10.5% year-on-year increase in capacity. The load factor fell slightly to 85.9% (-0.3ppt compared to July 2023).

Domestic demand rose 4.8% compared to July 2023; capacity was up 2.8% year-on-year and the load factor was 86.1% (+1.7ppt compared to July 2023).

“July was another positive month. In fact, passenger demand hit an all-time high for the industry and in all regions except Africa, despite significant disruption caused by the CrowdStrike IT outage,” said Willie Walsh, IATA’s Director General.

International Passenger Markets: Middle East & Africa Regions (MEA)

Middle East

Middle Eastern airlines saw a 5.8% year-on-year increase in demand. Capacity increased 5.5% year-on-year, and the load factor was 84.1% (+0.3ppt compared to July 2023).

Africa

African airlines saw a 7.4% year-on-year increase in demand. Capacity was up 6.7% year-on-year. The load factor rose to 74.3% (+0.5ppt compared to July 2023).